In the days of Post Enron would you really get anyone bidding for a company whose books aren't certified and you don't know what secrets could be under the hood.
I agree their is some value here, the question is what ?
I just don't see how Foot Locker can tell their shareholders we bought a company, but we really are not sure what we bought. In the post Enron days if some dirty laundry comes out in a year, it could cost them their jobs.
This is going to take some time to unfold, not overnight